The I Should Have Sold All My 25th Anniversary SAEs Raw Instead of Wasting Thousands of Dollars to
RichR
Posts: 3,978 ✭✭✭✭✭
Just thought I'd stir the pot a bit since everyone's emotions are whipping back and forth like a flag in a hurricane...
I was only able to order 5...no make that 10...no 15...or was it only 100 sets...?
They're gonna keep going up...MOON money!
Or maybe they're gonna start plunging...perhaps below issue price!
Modern crap!
Modern rarity!
None will grade 70...$9,000/set by Christmas!
All of them are grading 70...$500/set by Christmas!
I should have flipped them for $700/set...raw
I should have flipped them for $800/set...medium well
I should have flipped them for $900/set...medium, with just some pink around the edges
Blah blah blah...
Or how about this one...thank you U.S. Mint for possibly producing the most impressive single set of coins (not to mention packaging) in our lifetimes? Can all the true collectors out there agree on that statement?
I was only able to order 5...no make that 10...no 15...or was it only 100 sets...?
They're gonna keep going up...MOON money!
Or maybe they're gonna start plunging...perhaps below issue price!
Modern crap!
Modern rarity!
None will grade 70...$9,000/set by Christmas!
All of them are grading 70...$500/set by Christmas!
I should have flipped them for $700/set...raw
I should have flipped them for $800/set...medium well
I should have flipped them for $900/set...medium, with just some pink around the edges
Blah blah blah...
Or how about this one...thank you U.S. Mint for possibly producing the most impressive single set of coins (not to mention packaging) in our lifetimes? Can all the true collectors out there agree on that statement?
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Comments
But I don't see any downside with getting the coins graded. That's what I am still recommending to clients.
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
1) What is so impressive about your basic garden variety Silver Eagles that just happen to have the 2011 date on them? They are no more or less impressive than the ones from the 2006 set, or any other year IMO.
2) The mint packaging is actually impressive (as was the UHR packaging) however it was more than offset IMO by the extremely poor decision not to use a simple piece of foam to keep the capsules from popping out during transit, and even popping open in some cases. I'll bet those who opened their sets to find loose coins rattling around didn't think the packaging was very cool.
3) I do agree 100% with the part about wasting money having these sets graded
``https://ebay.us/m/KxolR5
Same here. Maybe there should be a "I'm gonna have to buy a 25th Anniversary Set on the open market so that I can see the coins" thread.
I knew it would happen.
<< <i>3) I do agree 100% with the part about wasting money having these sets graded >>
Really? You must be not from this planet. Did you research eBay to see what they are selling for before making that statement? Having them certified, is the only way to make sure ALL the coins are from that set ( except if you use ANACS )
Velocity, Not Valuation Defines A Bubble.
<< <i>
<< <i>3) I do agree 100% with the part about wasting money having these sets graded >>
Really? You must be not from this planet. Did you research eBay to see what they are selling for before making that statement? Having them certified, is the only way to make sure ALL the coins are from that set ( except if you use ANACS ) >>
Even if you do use ANACS there are only 100,000 sets around limited by the rev pr and the S coin.
If they like it or not, my unopened box of five sets is coming with me to FUN
& I will deliver them to PCGS instead of mailing them. I only want 3 sets certified,
Two of which I plan on selling, and I will keep one set for myself in conjunction
with one raw set kept intact and the last set broken up for my Eagle Album.
~~~~~~~~~~~~
Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
& I will deliver them to PCGS instead of mailing them.>>
But then we'll have to charge you an additional non-returned-by-mail personal processing fee!
<< <i>The I Should Have Sold All My 25th Anniversary SAEs Raw Instead of Wasting Thousands of Dollars to Slab Them Thread >>
Another been there done that to the list for me. Actually would of never even bought except for the offer.
Have you ever seen a set for sale with decent enlargeable pics of EACH coin?? Usually it's a pic of the whole set from a distance which is great for hiding imperfections....
No regrets on having mine graded....just glad I didn't go for the extra FS and box return fees...that was a tad under $500/box of 5 saved
Truth be told, I'm actually sitting on 3 sealed "5 boxes"...and actually opened the fourth one to glance upon the face of God!
I still consider "only" doubling my money at some future point to be victory enough. However, after the dust finally settles, if someone is still willing to hand me 3x my initial investment for a virgin box...all the better. I just couldn't reconcile the not insignificant costs to slab 25 coins per box.
<< <i>I'm still sitting on an unopened box of 5 straight from the mint with no regrets, other than I wish I could see them.
They pretty much look like any other ASE/s.
<< <i>no cryin' over spilled milk spots >>
At least the fix will be cheap if any of the 3 non-money coins spot.
<< <i>
<< <i>3) I do agree 100% with the part about wasting money having these sets graded >>
Really? You must be not from this planet. Did you research eBay to see what they are selling for before making that statement? Having them certified, is the only way to make sure ALL the coins are from that set ( except if you use ANACS ) >>
I don't need a 3rd party to confirm for me that all the coins in my box sent from the mint are from that set, but that's just me.......
Perhaps it is you who is not from this planet?
BTW, I got one of the 2006 ASEs as a gift in an MS 68 holder and have absolutely no use for it. What is it worth? Melt? I might bring it to the next LB show to get rid of it.
"Seu cabra da peste,
"Sou Mangueira......."
Not only that, but also consider that in a few weeks the graded sets will appear as common as dirt on Ebay and elsewhere.
No, the packaging of these sets looks rather ordinary to me . . .
. . . I'm referring, of course, to the shipping boxes. Since 99.9% of the sets will remain in sealed boxes for the next 50 years, I think it's important that the boxes have sufficient visual appeal to enable serious numismatists to proudly display them as centerpieces of their collections.
Hey...that's quite a nice looking brown cardboard box hanging on your wall, buddy.
Yeah, isn't it? Now if only I could remember what's actually sealed inside it...
But seriously, how is this any different than the brief (and now long discredited) craze of selling Mint sealed proof sets back in the 1960s?
Back then, no one would accuse you of obtaining 3 of the coins from another source thus making them far less valuable
<< <i>
<< <i>
<< <i>3) I do agree 100% with the part about wasting money having these sets graded >>
Really? You must be not from this planet. Did you research eBay to see what they are selling for before making that statement? Having them certified, is the only way to make sure ALL the coins are from that set ( except if you use ANACS ) >>
Even if you do use ANACS there are only 100,000 sets around limited by the rev pr and the S coin. >>
Excellent point! The sticking point may be the no mintmarked bullion coin if it turns out it WAS specially minted for the sets. Then the set would be different. Many on these boards say a coin is a coin, pedigree means nothing, so even "put together" sets should have a market if people really mean what they say.
Yeah...unlike today, where some guy is cranking out bogus proof (and reverse proof) coins in their garage, right?
It has never been anything other than that.
I KNEW they would sell out.
I KNEW they would have a high after-market price.
I KNEW that if I wanted to get a set for my DANSCO (since I've totally dropped getting slabbed SAE's) at a decent price I KNEW I would have to do everything possible to get an order in.
AND
Since I knew the above, I KNEW that if I ordered the maximum that I'd make some money. Exactly like finding those rare Beanie Babies or Cabbage Patch Kids.
Human nature is to get in on the bottom floor regardless of how much it costs and there is absolutely nothing wrong with providing a product to the public at a price the public is willing to pay.
If folks want to read more into it than that then they certainly can but the honest truth is that it IS nothing more than that.
The name is LEE!
<< <i>Hey...I want a Dansco album for my Beenie Babies too!!! >>
I want a Dansco album for my mint sealed boxes.
<< <i>When I get my five graded sets back, I'm going to just give them away to passing strangers. >>
What is your address and when do you expect them to arrive?
<< <i>I disagree with the premiss of this thread which by the OP's admission, is clearly meant to stir the pot. With sets grading over 60% 70's rate for all the coins, and PCGS 70 25th Anniversary Set' First Strike 70 sets selling for several thousand dollars each, if you purchased the sets for resale, it's clearly a worthwhile investment to spend approx $300/set to have them certified if you plan on maximizing your profit potential. With a limited mintage of 100,000 sets and over 1,000,000 ASE collectors a few thousand PCGS 70 sets is not enough to satisfy collector demand. >>
This post was actually a direct result of the Apocalyptic tone that started sometime over the weekend re "too many" 69s and 70s "crashing" prices on the secondary market. While I do think the large pulse of slabbed offerings to hit eBay in the days ahead will definitely depress prices somewhat, I'd be very surprised if all forms of these sets don't untimately turn out as big winners in the years ahead.
But that doesn't mean that $300/set for grading isn't also a big hit to the wallet!
<< <i><<< I just couldn't reconcile the not insignificant costs to slab 25 coins per box. >>>
Not only that, but also consider that in a few weeks the graded sets will appear as common as dirt on Ebay and elsewhere. >>
THE VOICE OF REASON.Thanks Dragon.JMHO
<< <i>Does anyone buying on the aftermarket worry that their box may contain bricks and would it matter if you are not going to open it? >>
A lot of folks have bought and sold sealed boxes (20th annv sets and a lot of other moderns). Still waiting to hear the horror stories (ie.....if you know what you are doing, you have a pretty good chance of everything being straight up).
Not sure why everyone either has to ultra-hype things, or just ultra-dump on them and try to start the fears going.
I held onto a box of 5 20th annv sets of SAEs from 2006 for 4 1/2 years. Totally unopened. Sold it to a "new" forum member earlier this year.
No problems and he sure didn't have the "OMG! Are there BRICKS in there????" type of attitude. If he had, I wouldn't have sold to him as I don't need to deal with paranoid people.
Look at the box, see if there are signs of tampering. Check the weight. Move the box around a bit. Look at the label. It's pretty easy.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I passed on the 25th Set........ I will buy mine in 5 years for mint money.
People paying crazy money for bullion...
In God We Trust.... all others pay in Gold and Silver!
Hmm . . . it's 5 years since the 20th Anniversary Set came out, and for some unknown reason I seem to be having trouble buying it for mint money.